Generation Wealth: Wealth Management, Taxation, and Estate Planning

In this episode of Applied Intelligence, we dive into the complex world of wealth management, taxation, and estate planning with our guest, Mohammed, an esteemed expert in these fields. He is a highly qualified financial planner and a Society of Trust and Estate Practitioners member. With his extensive knowledge and experience, he provides valuable insights into managing wealth, minimizing tax burdens, and protecting assets for individuals and families.

During the conversation, Muhammed emphasized the importance of seeking specialized advice and assistance, especially for nomadic or international people. He sheds light on the significance of understanding domicile, deemed domicile status, and its implications on investment holdings across jurisdictions. Muhammed highlights the need for professionals in multiple disciplines, including legal services, trust management, taxation, accountancy, and regulated wealth management.

Listeners will gain valuable knowledge on structuring financial planning, the role of accountants and wealth managers, mitigating tax, and the importance of expert guidance in these areas. Muhammed shares personal anecdotes offers practical advice, and underlines the significance of early preparation and setting up the right strategies. Tune in to this insightful episode to better understand wealth management and estate planning, and discover how it can impact your financial future. Guest: Mohammad Uz-Zaman

LinkedIn:https://www.linkedin.com/in/trustsandestateplanning/

Website: https://adlestateplanning.co.uk/

Watch the full episode: https://youtu.be/EvUYiFyiFHY

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Timestamps:

00:00:00: Introduction to Muhammed and his expertise

00:03:27: The significance of domicile and deemed domicile status

00:09:45: Understanding the role of specialists in wealth management, taxation, and estate planning

00:15:12: The importance of high-level qualifications and conversance in multiple disciplines

00:20:38: The limitations of general accountants and the role of tax specialists

00:25:19: Leveraging the expertise of Society of Trust and Estate Practitioners (STEP) members

00:29:56: The impact of specialized advice on inheritance and taxation implications

00:32:15: Taking the first steps towards preparing for your financial future

00:36:42: Productivity hacks for entrepreneurs and maintaining a healthy lifestyle

00:40:23: The benefits of leveraging software tools for productivity management

00:43:59: Recommended book: "How to Win Friends and Influence People" by Dale Carnegie

00:45:37: Balancing risk and investment strategies for long-term success

00:49:12: The importance of proper protection policies and early financial planning

00:50:27: Closing remarks and how to connect with Muhammed.